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OOTO - Norwegian Cruise Line: Oversold Company With Downside Risks
Direxion Daily Travel & Vacation Bull 2X Shares
Lots of negatives have happened to the cruise line industry since the global pandemic of 2020. Now the rising fuel costs and the recession risks make many investors worry.
But given the stock price, Norwegian Cruise Line does not look too risky to invest in right now.
At the same time, conservative investors would do well if they avoid the stock.
The company is indebted, the revenue figures have been affected, but the insiders seem to be bullish on the stock.